ST-Ericsson gets new CEO
The executive shuffle continues at yet another wireless company. This time, it’s at semiconductor supplier ST-Ericsson, the joint venture of STMicroelectronics and Ericsson, which is getting a new president and CEO.
Gilles Delfassy, 54, will assume the role of president and CEO on Nov. 2, when current CEO Alain Dutheil will leave that role but return to his previous role as COO.
In addition, Hans Vestberg, CFO and incoming CEO of Ericsson and a member of the board of ST-Ericsson, has become chairman of the board of ST-Ericsson, succeeding Carl-Henric Svanberg, outgoing president and CEO of Ericsson.
ST-Ericsson describes Delfassy as a highly respected expert in the wireless industry. During his 28-year career at Texas Instruments (TI), he created and built what would become, during that time, the largest wireless semiconductor business in the world. After his retirement from TI in 2007, Delfassy became an advisor to many high-tech companies and has served on several corporate boards.
Executives praised the work that Dutheil accomplished in putting together three separate companies, especially in the current macroeconomic environment.